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ARTICLE · 10 AUGUST 2016

New Law On Consumer Protection And Its Impact On Consumer Loans

Isiktac & Atabay
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Turkey's wind of change reached its consumer protection law. Turkish Parliament enacted a new bill on 7 November 2013 in order to modernize consumer protection.

TurkeyConsumer Protection
Isiktac & Atabay
Isiktac & Atabay

Turkey's wind of change reached its consumer protection law. Turkish Parliament enacted a new bill on 7 November 2013 in order to modernize consumer protection, and at the same time, to integrate Turkish consumer protection principles with those of the EU. The new Law No. 6502 on Consumer Protection ("New Law") published in the Official Gazette on November 28, 2013, and will enter into force as of May 28th, 2014. Once the New Law becomes effective, the currently applicable Law No. 4077 on Consumer Protection will be abolished. This Client Letter points out a number of fundamental changes brought by the New Law into Turkish law with regards to consumer loans.

Consumer loans (tüketici kredisi)

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